EID Parry India has received an approval for the setting up of a 120 KLPD Grain / Sugar Syrup / Molasses based Distillery at Sankili unit in Andhra Pradesh. The existing capacity of the company is 297 KLPD and the capacity utilization is 90-95%. The new capacity at an outlay of Rs 92.50 crore is expected to be added by November 2022.
Government of India have announced an Ethanol Blending Programme of 20% by the year 2025. The company intends to avail this opportunity by increasing its foray into Ethanol Production. The proposed distillery will utilize sugarcane juice / syrup as its principal feedstock during the cane crushing season and grains like broken rice/maize/bajra during the off season for the manufacture of ethanol, which is expected to have an assured off take by the Oil Marketing Companies under a clear pricing mechanism. The Board of Directors of the company at their meeting held on September 7, 2021 has approved the same.
EID Parry (India) is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.
